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China imposes new ‘national security’ rules on overseas investments as tech rivalry with US intensifies
BEIJING, July 1 — China is intensifying its scrutiny of investments overseas with broad “national security” regulations taking effect from today, at a time of rising tech competition with Washington. The new rules, originally announced on June 1, provide authorities
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Binance faces lawsuit from nearly 1,700 UK investors over allegedly unlawful products
MOSCOW, July 1 — Nearly 1,700 British investors have filed a lawsuit against cryptocurrency exchange Binance for offering traders risky financial instruments not approved by United Kingdom (UK) regulators, according to the Financial Times newspaper, reported Sputnik/RIA Novosti. The lawsuit, filed on
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World Bank to end China loans by 2031 as ties shift from lender to ‘knowledge partner’
WASHINGTON, July 1 — The World Bank will phase out its lending to China by 2031, according to the organisation’s new country partnership framework, a source familiar with the matter told AFP yesterday. The source confirmed an earlier report of
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Nasdaq caps strongest quarter since 2020 as AI optimism outweighs inflation fears
NEW YORK, July 1 — The tech-rich Nasdaq capped its best quarter in six years yesterday, rising with other US indices as bullishness over artificial intelligence overcame worries over geopolitics and inflation. The Nasdaq finished yesterday’s session up 1.5 per
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Government to restructure foreign worker management, says Zahid
KUALA LUMPUR, July 1 —The government will restructure foreign worker management in the country to ensure it’s more coordinated, efficient and aligned with industry needs, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. He said this was among
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Malaysia household debt hits RM1.73t as burden eases to 84.4pc of GDP, says Anwar
KUALA LUMPUR, July 1 — Malaysia’s household debt rose to RM1.73 trillion at the end of March, but the country’s debt burden eased slightly relative to the size of the economy while borrowers continued to demonstrate a strong ability to
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National Education Council formed to reshape Malaysia’s education system, says Anwar
KUALA LUMPUR, July 1 — The National Education Council has been established to drive comprehensive reforms in the country’s education system to ensure it remains relevant to current demands, including through the improvement of content and curriculum, said Prime Minister
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Malaysia rolls out new passport with 94 security features, 10-year option
KUALA LUMPUR, July 1 — The security features of the Malaysian International Passport will continue to be enhanced periodically to ensure that the travel document, currently ranked as the third most powerful passport in the world, remains secure, difficult to
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Are all EV prices going to rise from today? Here’s what the new price rules on ‘fully imported’ EVs mean for the industry
KUALA LUMPUR, July 1 – Starting today, the Malaysian EV landscape is set to undergo a significant transformation following the implementation of new rules by the Ministry of Investment, Trade and Industry that set a minimum cost price for imported
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Ringgit opens higher against dollar as US consumer confidence dips below expectations
KUALA LUMPUR, July 1 — The ringgit was firmer against the US dollar in the early session, supported by weaker-than-expected US consumer confidence data that weighed on the greenback. Meanwhile, investors remained cautious ahead of the release of the US
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